Potentiam USD Cryptocurrency Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Green day on Sunday for Potentiam USD
(Updated on Jun 16, 2024)
The Potentiam USD cryptocurrency price gained 0.605% on the last trading day (Sunday, 16th Jun 2024), rising from $0.0152 to $0.0153. During the last trading day the cryptocurrency fluctuated 1.04% from a day low at $0.0152 to a day high of $0.0153. The price has been going up and down for this period, and there has been a -5.32% loss for the last 2 weeks.
The cryptocurrency is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Potentiam USD cryptocurrency with a 90% probability to be traded between $0.0134 and $0.0166 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and cryptocurrencies seldom manage to go directly from the bottom of a trend up to the top. Cryptocurrencies turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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PTMUSD Signals & Forecast
There are few to no technical positive signals at the moment. The Potentiam USD cryptocurrency holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.0154 and $0.0156. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 05, 2024, and so far it has fallen -6.72%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Potentiam USD cryptocurrency
Potentiam USD finds support from accumulated volume at $0.0152 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the cryptocurrency tends to have controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the cryptocurrency. During the last day, the cryptocurrency moved $0.0002 between high and low, or 1.04%. For the last week the cryptocurrency has had daily average volatility of 2.49%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PTMUSD) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect Potentiam USD to open at $0.0153, and during the day (based on 14 day Average True Range), to move between $0.0149 and $0.0157, which gives a possible trading interval of +/-$0.0004 (+/-2.65%) up or down from last closing price. If Potentiam USD takes out the full calculated possible swing range there will be an estimated 5.29% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0153 (0.27%) than the support at $0.0152 (0.74%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Potentiam USD cryptocurrency A Buy?
Potentiam USD holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this cryptocurrency.
Current score: -4.498 Sell Candidate Unchanged
Predicted Opening Price for Potentiam USD of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| $0.0153 ( 0.153%) | $0.0153 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PTMUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0154 | 0.88% |
| R2 | 0.0154 | 0.486% |
| R1 | 0.0153 | 0.242% |
| Price | 0.0153 | |
| S1 | 0.0152 | -0.547% |
| S2 | 0.0152 | -0.791% |
| S3 | 0.0151 | -1.19% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0158 | 3.00% |
| R2 | 0.0156 | 1.78% |
| R1 | 0.0153 | 0.275% |
| Price | 0.0153 | |
| S1 | 0.0152 | -0.739% |
| S2 | 0.0149 | -2.43% |
| S3 | 0.0147 | -3.93% |
FAQ
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